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Hong Kong’s PHASE Scientific raises $34M Series A round to advance urine-based diagnostic technology for early disease detection
PHASE Scientific International Limited, a Hong Kong-based biotechnology company, announced Tuesday the successful completion of a $34 million Series A funding round.
Proptech firm MilikiRumah launches maiden private equity fundraise of $50M
MilikiRumah, a Singapore and Indonesia social impact PropTech firm and participating general partner and manager, announced Monday the maiden private equity fundraise of $50 million for its inaugural MilikiRumah Rent-To-Own Fund 1 with a first close of $10 million.
Singapore’s Whale secures $60M to expand enterprise AI suite globally
Whale, a Singapore-based enterprise artificial intelligence (AI) company, has announced the successful completion of two consecutive funding rounds — Series C1 and Series C2—raising a total of over $60 million.
MAS proposes to streamline prospectus requirements and broaden investor outreach channels for IPOs
The Monetary Authority of Singapore (MAS) is seeking feedback on proposals to streamline prospectus requirements and broaden investor outreach channels for initial public offerings (IPOs).
Arm and SoftBank contribute $15.5M to advance AI through Carnegie Mellon University’s partnership with Keio University
Carnegie Mellon University (CMU), Arm and SoftBank Group Corp. (SBG) announced last Thursday that Arm and SBG will contribute $15.5 million to CMU to support its partnership with Keio University (Keio), a collaboration to accelerate the global advancement of artificial intelligence (AI).
Malaysia’s Betamek partners Singapore’s SiGenex for AI genomics diagnostic and sequencing solution
Betamek Berhad, a Malaysia-based original design manufacturer (ODM), has partnered with SiGenex Global Holdings Pte. Ltd. (SiGenex), a Singapore-based technology firm, for artificial intelligence (AI) genomics diagnostic and sequencing solution.
MDEC inks MOU with CICC Capital to set up $100M China-Malaysia Gaming and Digital Content Fund
Malaysia Digital Economy Corporation (MDEC) and CICC Capital Management Co., LTD, a private equity investment arm of China International Capital Corporation Limited (CICC), have inked memorandum of understanding (MOU) to establish the China-Malaysia Gaming and Digital Content Fund, with an estimated target fund size of $100 million.
Foxconn partners with NVIDIA to build AI Factory in Taiwan
Taiwan-based Hon Hai Technology Group (Foxconn) announced Monday that it is partnering with NVIDIA and to build a state-of-the-art artificial intelligence (AI) Factory supercomputing center in Taiwan.
Worldpay expects Singapore’s e-commerce market size to reach $28.92B by 2030
Singapore’s e-commerce market size is expected to reach S$37.5 billion ($28.92 billion) by 2030, growing 8 percent compound annual growth rate (CAGR) from its 2024 estimated value of S$22.8billion ($17.59 billion), according to the 10th edition of the Worldpay® Global Payments Report (GPR).
Analyst: Malaysia’s data center interest revives after US AI regulation rollback
The overhang on the data center theme in Malaysia has eased for now, after the United States scrapped its artificial AI diffusion rules that were proposed during the wane of the Biden Administration, RHB Investment Bank said Monday.
